2 Undervalued 'Preferred Stocks' With Great Interest Rate Protection, Yields +7%

Summary

• With the specter of higher interest rates from the Fed, we like the interest rate protection from these two preferred stocks.
• These undervalued preferreds provide the strongest protection against rising interest rates.
• With the highest "floating-rate" of their peer class, they secure a steady income despite inflation.
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Produced with: HDO's preferred stock expert "Preferred Stock Trader"

(This article was first published to HDO subscribers on January 27th, and all data is from that date.)

Summary

With inflation running very high, and the Fed threatening much higher short-term rates, I

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NYMTM AND SPNT.PB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Treading Softly, Beyond Saving, PendragonY, Preferred Stock Trader, and Hidden Opportunities all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.